Callan Family Office LLC Has $3.28 Million Position in Cintas Corporation $CTAS

Key Points

• Callan Family Office LLC increased its holdings in Cintas Corporation by 247.9%, now owning shares valued at approximately $3.28 million.
• Cintas reported earnings per share of $1.20 for the latest quarter, slightly above the consensus estimate of $1.19, with revenue also surpassing expectations.
• The company has declared a quarterly dividend of $0.45, marking an increase from the previous dividend of $0.39, with a current dividend yield of 1.0%.

Callan Family Office LLC grew its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 247.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,731 shares of the business services provider's stock after purchasing an additional 10,497 shares during the quarter. Callan Family Office LLC's holdings in Cintas were worth $3,283,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Cintas by 3.9% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider's stock valued at $258,000 after acquiring an additional 47 shares during the period. Oarsman Capital Inc. lifted its stake in shares of Cintas by 3.9% during the first quarter. Oarsman Capital Inc. now owns 1,321 shares of the business services provider's stock valued at $272,000 after acquiring an additional 49 shares during the period. Independent Wealth Network Inc. lifted its stake in shares of Cintas by 4.8% during the second quarter. Independent Wealth Network Inc. now owns 1,077 shares of the business services provider's stock valued at $240,000 after acquiring an additional 49 shares during the period. Truvestments Capital LLC lifted its stake in shares of Cintas by 17.4% during the first quarter. Truvestments Capital LLC now owns 338 shares of the business services provider's stock valued at $69,000 after acquiring an additional 50 shares during the period. Finally, Copperwynd Financial LLC lifted its stake in shares of Cintas by 4.0% during the second quarter. Copperwynd Financial LLC now owns 1,306 shares of the business services provider's stock valued at $291,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Trading Down 2.0%

NASDAQ CTAS opened at $187.96 on Friday. The stock has a 50-day simple moving average of $208.33 and a 200 day simple moving average of $213.04. The company has a market capitalization of $75.54 billion, a PE ratio of 42.62, a P/E/G ratio of 3.31 and a beta of 1.01. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. This is an increase from Cintas's previous quarterly dividend of $0.39. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio is currently 40.82%.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Citigroup upped their price target on Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a research note on Friday, September 26th. UBS Group upped their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Morgan Stanley upped their price target on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada dropped their price objective on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a report on Thursday, September 25th. Finally, Robert W. Baird upped their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $222.09.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the stock in a transaction on Monday, July 21st. The stock was bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director owned 21,945 shares of the company's stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company's stock.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

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